Brookfield India Real Estate Trust

Brookfield India Real Estate Trust

₹ 290 -1.03%
12 Mar 2:27 p.m.
About

Brookfield India Real Estate Trust REIT is an India-based commercial real estate vehicle. The investment trust's portfolio consists of campus-format office parks. Its commercial assets are located in Mumbai, Gurgaon, Noida and Kolkata.[1]

Key Points

Asset Portfolio
As per FY21, the investment trust owns 4 office parks with total leasable area of ~14 million sq. ft. in gateway cities i.e. Gurugram, Noida, Kolkata and Mumbai.[1] The assets include :-
1. Candor Techspace G2 (Gurugram)
2. Candor Techspace N1 (Noida)
3. Candor Techspace K1 (Kolkata)
4. Nensington (Mumbai).[2]

  • Market Cap 17,615 Cr.
  • Current Price 290
  • High / Low 310 / 241
  • Stock P/E 35.6
  • Book Value 253
  • Dividend Yield %
  • ROCE 3.23 %
  • ROE 3.02 %
  • Face Value

Pros

  • Company is almost debt free.
  • Stock is trading at 1.15 times its book value
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 48.9 days to 28.7 days

Cons

  • Promoter holding has decreased over last quarter: -8.44%
  • Tax rate seems low
  • Company has a low return on equity of 3.91% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
116 107 88 87 84 77 75 97 111 106 127 115 147
4 4 4 7 7 4 4 48 5 6 4 8 8
Operating Profit 113 103 83 80 78 73 71 49 105 101 123 107 140
OPM % 97% 96% 95% 92% 92% 94% 95% 51% 95% 95% 97% 93% 95%
0 0 0 0 0 38 0 0 0 5 0 106 10
Interest 0 0 0 0 0 0 0 7 14 14 17 21 22
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 113 103 83 80 78 111 71 43 91 92 106 192 128
Tax % 0% 0% 1% 0% 0% 11% 1% -13% 1% 2% 2% 13% -5%
112 102 83 80 77 99 70 48 90 89 105 166 135
EPS in Rs 3.71 3.05 2.48 2.38 2.30 2.95 2.10 1.10 2.06 2.04 2.18 3.46 2.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
957 0 436 335 389 496
363 10 17 19 58 25
Operating Profit 594 -10 419 316 331 471
OPM % 62% 87% 96% 94% 85% 95%
274 72 35 36 0 120
Interest 714 0 0 0 34 73
Depreciation 112 0 0 0 0 0
Profit before tax 41 63 454 352 297 518
Tax % 64% 0% 0% 4% -0%
15 63 452 339 298 495
EPS in Rs 2.07 13.50 10.11 6.80 9.90
Dividend Payout % 0% 0% 149% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 38%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 68%
TTM: 61%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -1%
1 Year: 16%
Return on Equity
10 Years: %
5 Years: %
3 Years: 4%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 65 8,177 8,987 8,656 10,910 11,925
Reserves -2,285 63 139 128 71 130
6,922 0 0 0 728 1,148
673 134 5 19 18 47
Total Liabilities 5,376 8,374 9,131 8,803 11,729 13,250
4,517 0 0 0 0 0
CWIP 0 0 0 0 0 0
Investments 0 4,504 6,297 6,332 9,537 10,853
858 3,870 2,834 2,471 2,191 2,398
Total Assets 5,376 8,374 9,131 8,803 11,729 13,250

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
532 -1 -26 -28 -15
98 -3,610 185 701 -2,108
-436 3,773 -144 -681 2,194
Net Cash Flow 194 162 14 -7 71

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 17 0 0 0
Working Capital Days -163 50 68 29
ROCE % 1% 5% 4% 3%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Concalls